Eads & Heald Wealth Management Decreases Position in The Cigna Group (NYSE:CI)

Eads & Heald Wealth Management decreased its stake in The Cigna Group (NYSE:CI) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,472 shares of the health services provider’s stock after selling 55 shares during the quarter. Eads & Heald Wealth Management’s holdings in The Cigna Group were worth $683,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC grew its holdings in The Cigna Group by 0.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 118,997 shares of the health services provider’s stock valued at $32,860,000 after purchasing an additional 415 shares during the last quarter. Genesis Private Wealth LLC purchased a new position in shares of The Cigna Group during the fourth quarter valued at approximately $364,000. Red Spruce Capital LLC boosted its position in shares of The Cigna Group by 8.2% during the fourth quarter. Red Spruce Capital LLC now owns 9,016 shares of the health services provider’s stock valued at $2,490,000 after buying an additional 683 shares during the period. Pure Financial Advisors LLC grew its stake in shares of The Cigna Group by 16.4% during the fourth quarter. Pure Financial Advisors LLC now owns 1,045 shares of the health services provider’s stock valued at $289,000 after buying an additional 147 shares during the last quarter. Finally, Harbor Investment Advisory LLC raised its holdings in shares of The Cigna Group by 4.2% in the fourth quarter. Harbor Investment Advisory LLC now owns 1,797 shares of the health services provider’s stock worth $496,000 after buying an additional 72 shares during the period. Institutional investors own 86.99% of the company’s stock.

The Cigna Group Price Performance

NYSE CI opened at $288.48 on Wednesday. The company has a market cap of $80.24 billion, a PE ratio of 27.21, a P/E/G ratio of 0.77 and a beta of 0.54. The firm’s 50 day moving average price is $300.19 and its 200-day moving average price is $326.51. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.72 and a current ratio of 0.72. The Cigna Group has a 52-week low of $262.03 and a 52-week high of $370.83.

The Cigna Group (NYSE:CI) last posted its earnings results on Thursday, October 31st. The health services provider reported $7.51 earnings per share for the quarter, topping analysts’ consensus estimates of $7.22 by $0.29. The Cigna Group had a return on equity of 18.42% and a net margin of 1.31%. The company had revenue of $63.70 billion during the quarter, compared to analyst estimates of $59.58 billion. During the same quarter in the prior year, the business earned $6.77 earnings per share. The Cigna Group’s revenue was up 29.8% on a year-over-year basis. Sell-side analysts forecast that The Cigna Group will post 28.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CI. StockNews.com cut The Cigna Group from a “strong-buy” rating to a “buy” rating in a report on Monday, November 4th. Cantor Fitzgerald reissued an “overweight” rating and set a $400.00 target price on shares of The Cigna Group in a research note on Wednesday, October 23rd. Royal Bank of Canada cut their price target on shares of The Cigna Group from $384.00 to $377.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Piper Sandler reiterated an “overweight” rating and set a $394.00 price objective (up previously from $392.00) on shares of The Cigna Group in a report on Tuesday, November 5th. Finally, Stephens reissued an “overweight” rating and issued a $410.00 price objective on shares of The Cigna Group in a research report on Friday, November 1st. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $395.93.

The Cigna Group Profile

The Cigna Group, together with its subsidiaries, provides insurance and related products and services in the United States. Its Evernorth Health Services segment provides a range of coordinated and point solution health services, including pharmacy benefits, home delivery pharmacy, specialty pharmacy, distribution, and care delivery and management solutions to health plans, employers, government organizations, and health care providers.